The days when success in business is measured by the size of your office are on their way out. Technology has created an environment where the definition of success is much more fluid. There are successful businesses that are run completely from home offices. This setup allows for greater personal and professional flexibility. Tossing out the traditional idea of an expensive office lease can free up money for you to invest in other areas of your business. However, working completely out of a home office can have some drawbacks. Many people find it difficult to shut out the distractions that come with working from home. In addition, working out of a home-based office can make it difficult to collaborate with others (in real life) and provide a professional appearance to clients who need to meet. Fortunately, there is an option that can help you avoid the expenses of leasing a traditional office and the downsides of working from home. That option is a co-working space and it can help your business thrive.
Minimize overhead costs
Choosing a co-working space over a traditional office lease will help you minimize your overhead costs. Leasing out an office often requires a large investment in terms of the rent, office furniture, and utilities. For a much lower cost you can use a co-working space that is already set up with furniture, electricity, internet, and all the other utilities you want in an office space. And, at the end of the day, you can leave the co-working space without having to worry about upkeep or unexpected costs like those that often come with leasing an office.
When you work from home you avoid the long commute and hefty rent payment that often come with a traditional office. Those are huge benefits! On the other hand, when you work from home you also face a potentially long list of distractions. Laundry, dishes, projects around the house, your pet, the television, your neighbor – a long list of other potential things – can all be distractions when you try to work from a home office. If you have access to a co-working space you can you have the option of working in an environment without that long list of distractions. Many business owners move between their home office and co-working space as needed.
Project a professional appearance
A co-working space can also help your business thrive by providing you with a professional place to meet with clients. You may have a very nice home office but it is still at your house which may not provide the professional appearance you want to give to current and potential clients. At a co-working space you can gain access to meeting rooms and executive offices when needed for presentations or client meetings. And, when you do not need access to those areas, you do not have to pay for them.
Co-working spaces truly can be good for business. If you think that a co-working space will help you run your business more effectively – take a look at the local options provided by 580 Executive Center.